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Blackrock's IBIT Overtakes Grayscale's GBTC to Become the World's Largest Bitcoin ETF BlackRock's IBIT spot bitcoin ETF overtook Grayscale's GBTC last Tuesday to become the world's largest spot bitcoin ETF, with a total holding of 288,670 bitcoins (approximately $19.7 billion). Grayscale's GBTC initially held around 620,000 bitcoins when it converted from a mutual fund to an ETF in January of this year, but has seen significant outflows in the following months. In contrast, Blackrock's IBIT has dominated inflows, thanks to its lower fee structure and 'brand'. In total, US bitcoin spot ETFs now hold more than 850,000 bitcoins, approximately 4.3% of the total bitcoin supply in circulation. #Bitcoin #ETF #BTC #Blackrock #Grayscale $BTC $ETH {future}(BTCUSDT)

Blackrock's IBIT Overtakes Grayscale's GBTC to Become the World's Largest Bitcoin ETF
  
BlackRock's IBIT spot bitcoin ETF overtook Grayscale's GBTC last Tuesday to become the world's largest spot bitcoin ETF, with a total holding of 288,670 bitcoins (approximately $19.7 billion).
  
Grayscale's GBTC initially held around 620,000 bitcoins when it converted from a mutual fund to an ETF in January of this year, but has seen significant outflows in the following months. In contrast, Blackrock's IBIT has dominated inflows, thanks to its lower fee structure and 'brand'. 
  
In total, US bitcoin spot ETFs now hold more than 850,000 bitcoins, approximately 4.3% of the total bitcoin supply in circulation.
 
#Bitcoin  #ETF  #BTC  #Blackrock  #Grayscale  $BTC $ETH